Pioneer High Income Fund (PHT) Soars 3.69% Amid Bylaw Changes

Pioneer High Income Fund (PHT) surged 3.69% today, marking its second consecutive day of gains, with a total increase of 4.11% over the past two days. The share price reached its highest level since March 2025, with an intraday gain of 4.09%.

The strategy of buying PHT shares after they reached a recent high and holding for 1 week resulted in moderate returns over the past 5 years. The annualized return was 4.61% from February 2020 to April 2025, with a maximum drawdown of 17.95% during the same period. The strategy showed losses in 2022, but recovered in 2023 and 2024, with the best annual return of 8.70% in 2023. Overall, the strategy provided modest returns with reasonable risk, making it suitable for investors seeking regular income with lower volatility.

One of the key factors influencing the stock price of Pioneer High Income Fund (PHT) is the recent amendment to the fund's bylaws. On May 6, 2025, Pioneer funds made changes to their bylaws, which affected shareholder voting rights and control. This amendment could potentially alter investor sentiment and the stock's performance, as it impacts the governance structure of the fund.

Additionally, the Board of Directors of Pioneer Closed-End Funds announced the approval of a liquidation plan. This decision is significant as it indicates a move towards winding down the fund, which could have a substantial impact on its future operations and stock price. Investors may react to this news by adjusting their positions in the fund, leading to potential volatility in the stock price.